
April 16, 2023
Mt Monger Resources Limited (ASX:MTM) (Mt Monger or the Company) has recently received approval for a maiden drilling program at the Pomme REE-Nb project from the Québec Ministère des Ressources naturelles et des Forêts (MRNF, Ministry of Natural Resources and Forests).
Highlights:
- Permit granted for an initial diamond drilling program at the Pomme Project
- Drilling planned to commence in May 2023
- Field camp and other logistics to support program are in preparation
A program of diamond drilling is planned to commence at Pomme in May 2023 to provide a first-pass evaluation of the carbonatite complex (Figure 1), define the overall geology of the carbonatite intrusion and assess the grade and continuity of the REE-Nb mineralisation that it contains (see Mt Monger ASX announcement dated 29 March 2023).
POMME REE-Nb PROJECT
The Project is a known carbonatite intrusion with exceptional results from limited historical drilling, showing enrichment in rare earth elements (REE) and niobium (Nb). The Project is considered to be an extremely prospective exploration target and is located adjacent to the world-class Montviel REE-Nb deposit owned by Geomega Resources Inc (Geomega), that has a defined total indicated and inferred resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5.
Mt Monger has entered into a binding option agreement with Geomega to acquire a 100% interest in the Pomme claims and is now advancing exploration to discover a REE-Nb resource (see Mt Monger ASX announcement dated 29 March 2023).
This announcement has been authorised for release by the Board of Directors.
Click here for the full ASX Release
This article includes content from Mt Monger Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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